News

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Sat, 20 May 2017 07:13:57 GMT

Alibaba revenue sets record, profit decreases

Alibaba Group revenue reached all time high level of 158.3B yuan, while net profit declined 42% to 41.2B yuan for the year ended March 31.

Sat, 20 May 2017 06:32:58 GMT

Several killed, over 100 rescued in Indonesia ferry fire

At least several people died and more than 100 were rescued after a ferry caught fire in western Indonesia on Friday.

Sat, 20 May 2017 06:31:28 GMT

Preliminary vote: Iran's Rouhani leads presidential race

The Iran's incumbent President Hassan Rouhani has an unbeatable lead in the presidential election, reports state IRIB TV.

Sat, 20 May 2017 05:33:52 GMT

China, Philippines agree to improve ties

The nations agreed to improve ties at a meeting between the Chinese Premier Li Keqiang and the Speaker of the House of Representatives of the Philippines Pantaleon Alvarez on Friday.

Sat, 20 May 2017 05:31:40 GMT

Investment in China tourism to reach 1.5T yuan in 2017

Investment in China's tourism is likely to reach 1.5T yuan in 2017, an increase of 20% from the previous year, the China National Tourism Administration says.

Sat, 20 May 2017 03:56:43 GMT

China's GDP to increase 6.8% in Q2

The Chinese economy is likely to advance 6.8% in the second quarter, remaining stable, albeit with a slightly weaker pace of growth, the State Information Center revealed.

Sat, 20 May 2017 03:51:53 GMT

Iranian Rouhani likely to win presidential race

An unofficial tally showed that Hassan Rouhani, the current Iranian President, leads in the Iran's Presidental Election and is expected to get a second term.

Sat, 20 May 2017 02:59:43 GMT

Trump to urge Saudi Arabia to withstand radical Islam

According to a draft of US President's speech, Trump is set to focus on the need for Saudi Arabia to confront radical Islam within the country.

Sat, 20 May 2017 02:53:42 GMT

6.0 magnitude earthquake hits Phillipines

On Saturday, a 6.0 magnitude earthquake hit the center of the Philippine archipelago at 540 km depth, the China Earthquake Networks Center said.

Sat, 20 May 2017 02:09:14 GMT

Trump to provide exclusive contract to handle US student loans

Trump's administration is likely to offer a contract providing one company a right to serve billions of dollars of federal student loans, which now are handled by four firms.

Sat, 20 May 2017 02:06:27 GMT

BoE head visits White House to discuss financial stability

Mark Carney, the BoE Governor, visited the White House to meet Gary Cohn, the Trump's chief economic advisor, on the matter of global financial stability issues.

Fri, 19 May 2017 20:17:10 GMT

EU ready to help de-escalate tensions on Korean Peninsula

The EU told a South Korean envoy that the bloc was ready to team up with international partners to de-escalate tensions and denuclearize the Korean Peninsula.

Fri, 19 May 2017 20:10:08 GMT

Greenback poised for worst week since April 2016

The Greenback was poised for the worst week since April 2016 versus a basket of major currencies. The US Dollar lost 2% this week, falling 0.6% on Friday and reaching the lowest level since November 9.

Fri, 19 May 2017 17:53:21 GMT

South Sudan government forces kill 114 civilians

South Sudanese pro-government forces killed 114 civilians in a single town last year amid growing ethnic violence in the country's civil war, a new United Nations report said on Friday.

Fri, 19 May 2017 17:53:12 GMT

Czech President accepts nomination for new finance minister

Milos Zeman, the President of Czech Republic, said he would appoint Ivan Pilny, the former head of Microsoft's operations, as a new finance minister.

Fri, 19 May 2017 17:01:57 GMT

Fed's Bullard questions need for June rate hike

Citing relatively weak economic data, the chief of St. Louis Fed raised questions on Friday about the Fed's plans for two more rate hikes this year, saying the strategy may be too aggressive.

Fri, 19 May 2017 17:00:33 GMT

Police officer and soldiers stabbed in Milan train station

Two army officers and a police officer were stabbed at a train station in central Milan on Thursday evening, according to reports in Italian media.

Fri, 19 May 2017 15:55:46 GMT

Ford to invest $350M in Michigan transmission plant

Ford is to invest $350M in a Michigan transmission plant, protecting or creating 800 production jobs, as it struggles to bolster the profitability of its core automotive business by cutting costs.

Fri, 19 May 2017 15:55:33 GMT

Macron visits French troops in Mali's restive north

The President Emmanuel Macron visited French troops fighting jihadists in conflict-torn Mali on Friday and urged faster progress on a peace accord signed in 2015.

Fri, 19 May 2017 15:01:54 GMT

Ex-congressman Weiner to plead guilty to transferring obscene material to minor

According to media reports, the former US Congressman Anthony Weiner is expected to plead guilty to one count of transferring obscene material to a minor.

Fri, 19 May 2017 15:01:29 GMT

New tool can restore ransomware-infected computers without paying out

A security researcher claims to have created a new tool capable of restoring computers infected by WannaCry ransomware.

Fri, 19 May 2017 14:14:43 GMT

Euro zone consumer sentiment improves in May but less than expected

The European Commising reported that consumer confidence in the Euro zone climbed 0.3 points to -3.3 in May, whereas experts anticipated an increase of 0.6 to -3.0.

Fri, 19 May 2017 14:04:50 GMT

Canadian retail sales rebound in March

Statistics Canada reported on Friday that retail sales jumped 0.7% in March, following the preceding month's drop of 0.4%, while core retail sales rose 0.4% in the same moth, compared to February's fall of 0.1%

Fri, 19 May 2017 13:30:23 GMT

Romania accepts financial assistance for Holocaust survivors

Romanian Parliament approved the law that allows direct financial assistance to the Holocaust survivors in the ex-Nazi country during the World War Two.

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